Private Advisory Group LLC Makes New $746,000 Investment in MasTec, Inc. $MTZ

Private Advisory Group LLC purchased a new position in shares of MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,794 shares of the construction company’s stock, valued at approximately $746,000.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MasTec during the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors acquired a new stake in MasTec during the first quarter worth approximately $30,000. CIBC Private Wealth Group LLC grew its stake in MasTec by 372.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after acquiring an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in MasTec by 105.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 355 shares of the construction company’s stock worth $61,000 after acquiring an additional 182 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in MasTec in the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total transaction of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 21.40% of the stock is currently owned by insiders.

MasTec Stock Performance

Shares of MTZ stock opened at $297.79 on Friday. MasTec, Inc. has a one year low of $167.66 and a one year high of $441.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The company has a 50 day moving average price of $345.18 and a 200 day moving average price of $335.79. The firm has a market capitalization of $23.92 billion, a price-to-earnings ratio of 47.50 and a beta of 1.81.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.30 billion. MasTec had a return on equity of 18.08% and a net margin of 3.07%.The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.49 EPS. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. Sell-side analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

Analysts Set New Price Targets

MTZ has been the topic of a number of recent analyst reports. Citigroup reduced their price target on MasTec from $483.00 to $408.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. B. Riley Financial reaffirmed a “buy” rating on shares of MasTec in a research report on Monday, May 4th. Wall Street Zen lowered MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley set a $369.00 target price on MasTec in a research note on Friday, July 31st. Finally, Roth Capital reiterated a “buy” rating and set a $450.00 target price on shares of MasTec in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, MasTec presently has a consensus rating of “Buy” and an average target price of $427.32.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.